PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated $79 billion in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay\'s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo\'s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales. With roots dating back to 1898, PepsiCo Beverages North America (PBNA) is one of the largest beverage companies in North America today, generating more than $22 billion net revenue in 2020. In 1932, Herman W. Lay began a potato chip business in Nashville, Tennessee. Soon after that, he purchased the manufacturer and formed H.W. Lay & Company. In 1961, the company merged with the Frito Company, becoming Frito-Lay Inc., and in 1965, Frito-Lay Inc. merged with Pepsi-Cola to form PepsiCo. The Quaker Oats Company was officially formed in 1901 when four American grain pioneers came together to incorporate the now household name. Inspired by the wholesome goodness of the humble oat, Quaker has been the leading expert in oats and committed to making oats delicious and convenient by developing everything from breakfast items to snacks to tasty recipe ideas.